Business

Share of temporary work affects 70-80pc wage, salaried workers: ILO report

Share of temporary work affects 70-80pc wage, salaried workers: ILO report

ISLAMABAD: Ahead of the World Day of Social Justice, marked today (Wednesday), a report released by the International Labour Organisation (ILO) states that the share of temporary work affects between 70 and 80pc of wage and salaried workers in Pakistan. The report, titled World Employment Social Outlook 2019, was released ahead of Social Justice Day. It says the share of ...

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Dull trading on cotton market

KARACHI: Local gold price on Monday reached an all-time high of Rs68,200 per tola and Rs58,470 per 10 grams, after a jump of Rs50 per tola and Rs42 per 10 grams, respectively, owing to an increase of $3 per ounce to $1,324 in world market. Since January 2018 till to date, one tola and 10 grams rate has swelled by ...

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Karachi official price list app for daily use items launched

Karachi official price list app for daily use items launched

ARACHI: Karachiites can now look up official prices of different commodities, including fruit, meat, vegetables, poultry and grocery online before buying them as the city administration has launched an android application — Karachi Price List — for the city. The application was uploaded on Google’s Play Store and available for downloading. Commissioner of Karachi Iftikhar Ali Shallwani told Dawn that now citizens could also ...

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SSGCL appoints third acting MD in two months

SSGCL appoints third acting MD in two months

ISLAMABAD: Amid an intensifying tension in gas sector, the board of directors of Sui Southern Gas Company Limited (SSGCL) on Monday appointed Muhammad Waseem as new acting managing director – the third in less than two months. Mr Waseem was working as deputy managing director (MD) operations in the company and reluctantly assumed the charge of acting managing director after ...

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Wapda approves grant of dam’s contract to firm linked to PM aide

Wapda approves grant of dam’s contract to firm linked to PM aide

LAHORE: Even though a controversy over the bidding processpersisted, the Water and Power Develop­ment Authority (Wapda) on Friday granted approval to award of contract for the 800MW Mohmand dam project to a joint venture of China Gezhouba Group Company (CGGC) and Descon Engineering. Wapda also instructed the project authorities to issue a letter of acceptance as per the rules, seeking mobilisation ...

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Bankers stress FATF demands should be met

Bankers stress FATF demands should be met

KARACHI: Bankers in Pakistan see negative impact of FATF fresh warning for Pakistan and said the government must understand the full impact of further downgrading from current grey list. The Paris-based Financial Action Task Force (FATF) has been unusually critical of Pakistan’s efforts to safeguard its financial system from the risk posed by terror financing and money laundering. Former head of ...

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